Redrow (LON:RDW) Given “Neutral” Rating at Citigroup

Citigroup reiterated their neutral rating on shares of Redrow (LON:RDWFree Report) in a research report report published on Friday, reports. The brokerage currently has a GBX 756 ($9.55) price target on the stock.

Separately, Berenberg Bank reaffirmed a buy rating and set a GBX 643 ($8.12) target price on shares of Redrow in a research report on Wednesday, February 7th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. According to, the company currently has a consensus rating of Moderate Buy and an average target price of GBX 603.67 ($7.62).

Check Out Our Latest Stock Analysis on Redrow

Redrow Trading Down 0.1 %

Shares of LON:RDW opened at GBX 680.64 ($8.60) on Friday. The business’s 50-day moving average is GBX 597.52 and its 200 day moving average is GBX 531.27. Redrow has a 1 year low of GBX 423.63 ($5.35) and a 1 year high of GBX 700 ($8.84). The firm has a market capitalization of £2.25 billion, a P/E ratio of 1,064.06, a P/E/G ratio of -0.81 and a beta of 1.66. The company has a debt-to-equity ratio of 0.49, a current ratio of 4.08 and a quick ratio of 0.36.

Redrow Cuts Dividend

The firm also recently declared a dividend, which will be paid on Monday, April 8th. Shareholders of record on Thursday, February 22nd will be given a dividend of GBX 5 ($0.06) per share. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a yield of 0.83%. Redrow’s dividend payout ratio is currently 3,906.25%.

Insiders Place Their Bets

In other Redrow news, insider Barbara Richmond sold 1,900 shares of the stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of GBX 531 ($6.71), for a total transaction of £10,089 ($12,741.85). 20.61% of the stock is currently owned by company insiders.

Redrow Company Profile

(Get Free Report)

Redrow plc focuses on housebuilding activities in the United Kingdom. It is involved in acquires, develops, and resells land; develops and sells residential housing properties; and business park maintenance services. Redrow plc was founded in 1974 and is based in Flintshire, the United Kingdom.

Further Reading

Analyst Recommendations for Redrow (LON:RDW)

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